Post by
javaman12 on Sep 12, 2023 9:52pm
Is My Fantasy Takeover Bid, Coming Soon?
I am just flabbergasted by the amount of buying of CCW shares! The selling is understandable. People have lost their nerve and are panicking! I don't care! LOL
Maybe I will get my fantasy take out bid?
More than likely, someone wants a good chunk of the spun-out Graal shares, prior to the date that it's announced!
I bet some group of investors thinks that that Graal deposit is going to prove to be a very valuable asset and wants to get as big a chunk of it, as they can, before it is spun out and repriced?
Why would they buy otherwise? These shares sure aren't dead money! They have become very alive at the right price!
Perhaps, for them, the rest of the company is just the gravy on the potatoes?
We don't yet know the details of the new company's share structure. (ie. the number of shares and it's share price).
I've never seen such a high volume of panic selling in any junior that I've owned!
But surprisingly, the share price has remained remarkably stable around these levels. The share price just seems to bounce around between 3.5 and 4 cents!
If any miner is planning a take-over bid, the sellers sure have made it easy for them! LOL
All the best! Java
Comment by
Ballsofire on Sep 13, 2023 9:38am
I'm sure management is "excited", (their favorite word), to spin out Graal, more salaries for them! As far as people selling shares I believe 6000 were sold yesterday, so what's that $180.00! If all the BS is so great why haven't they made any money, and they can't even do a resource update as promised, pathetic!
Comment by
SilverSam on Sep 14, 2023 12:28pm
In fairness to Javaman, the volume has been quite high this week, with the exception of Sept. 12. On the other hand, it looks like CCW is heading for another leg down. It comes as no surprise, and I will continue to urge investors on this platform - contrary to Javaman - to refrain from putting new money into CCW until such time as the juniors start showing signs of a bottom.